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When managing inventory, there are a wide array of challenges and problems that face business owners. These problems are an issue for small businesses, large corporations and all of those companies in between who are experiencing growth. Inventory is one of your most important assets. It’s imperative to prevent and mitigate inventory management p ... Read More

If you run a small business – or if you used to run one and your business has gotten bigger – you’re probably familiar with Excel. This versatile little piece of software is great for budgeting, accounting, scheduling, project management, customer relationship management and more. In particular, Excel can be a really handy tool for […] ... Read More

Inventory stock is one of the most valuable parts of a business. This means that it needs to be looked after properly. When a business grows, your inventory stock will grow. However, not only will your inventory stock be growing, but you’ll need to expand your inventory management system. Otherwise, how will you cope with […] ... Read More

For a small business, using a spreadsheet is a simple, cost-effective solution to managing your inventory, right? Well, maybe, but maybe not. In the early days of a small business, a spreadsheet is an easy way to reduce upfront costs and still manage your inventory. Perhaps your company only has a few suppliers or products […] ... Read More

How you manage inventory and execute inventory control in your SME can mean the difference between a profit and a loss. If you find yourself with inadequate stock levels you will fail to meet customer demand, leaving your business at risk of losing sales and potentially customers. Any excess inventory stock costs money to carry […] ... Read More

Spreadsheets have been around for years and admittedly there are still some situations where using spreadsheets can be a good option for an SME’s inventory control. It’s a low-cost choice for businesses with a small number of SKUs and where you have just a couple of people dealing with inventory stock management. If you hold […] ... Read More

When Eve Davies lost her cat Lola in a road traffic accident, she and her partner were looking for a way to keep their other cat safe from the dangers of free roaming. In 2012, Eve Davies and her partner founded ProtectaPet, a business dedicated to allowing cats to experience the outdoors while giving their […] ... Read More

Inventory is many businesses’ most valuable asset – both on the balance sheet and in terms of its central role in keeping the business ticking. Managing inventory well is a complex task, but it is also one that can help your business be more profitable and deliver more for your customers. Here are five signs […] ... Read More

Having sound inventory management processes is crucial to any company dealing with inventory stock and can directly impact the company’s bottom line. No one solution will satisfy every company’s needs; this holds true for your own company. As your company grows and expands, so should your inventory management system in order to streamline proce ... Read More

Like any business tool, inventory management systems get better every year – meaning that older solutions eventually become obsolete. Deciding to upgrade your inventory management system can save your business money and help you deliver a better service to customers. Waiting until you cannot function anymore with your software will cost you m ... Read More

As a small business just starting out, you may find that a pen and paper is all you really need to keep track of your inventory levels and whereabouts. However, as your company begins to grow, you will soon find that this is insufficient. Do these tell-tale signs look familiar to your business? Let’s find […] ... Read More

Completing a stock take once or twice a year is essential for maintaining healthy inventory levels and preventing losses. However, many businesses make some key mistakes when going about the stock take that can be fatal for the company’s success. In this article, we highlight a few key areas in which business owners tend to […] ... Read More

Managing inventory can be a cumbersome task if you don’t have the right tools. As a business owner, you may feel the pressure when inventory management goes awry. Perhaps you are frequently running out of stock, worried about shrinkage or uncertain of how much stock you have in the warehouse. There are a multitude of […] ... Read More

Sales numbers are not the only factor that influence a business’ bottom-line. Inventory management is just as important, and managers need to be wary of a few common inventory management mistakes to avoid. This article outlines some common inventory management mistakes to avoid, from hiring unqualified employees to conducting inventory tasks manu ... Read More

Using an accounting system with an inventory control setting An accounting system, no matter how great it is for accounting, will never have the analytical features to manage inventory precisely. A lot of people focus on numbers and profits. However, although important, when it comes to expanding your business without a proper paper trail and [&hel ... Read More

Spreadsheets and other manual inventory tracking methods have a number of weaknesses when compared with best in class inventory management software. If you are still using spreadsheets to manage your inventory here are ten reasons why you need to stop so that your business can reap the rewards it deserves. Manual data entry is prone […] ... Read More

Greg Jury, founder and CEO of Bottlepops started the business of talking bottle openers five years ago. He started with the concept of a talking bottle opener, which then evolved monthly. Now they have a 26 unique items in a variety of ranges. Their unique bottle openers, often featuring caricatures of sports legends, enhance the […] ... Read More